Alaska Air Group Inc. (ALK) concluded trading on Thursday at a closing price of $42.68, with 2.46 million shares of worth about $104.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.20% during that period and on October 03, 2024 the price saw a loss of about -3.37%. Currently the company’s common shares owned by public are about 126.09M shares, out of which, 125.62M shares are available for trading.
Stock saw a price change of -3.98% in past 5 days and over the past one month there was a price change of 18.16%. Year-to-date (YTD), ALK shares are showing a performance of 9.24% which increased to 19.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.75 but also hit the highest price of $46.15 during that period. The average intraday trading volume for Alaska Air Group Inc. shares is 2.46 million. The stock is currently trading 3.16% above its 20-day simple moving average (SMA20), while that difference is up 12.36% for SMA50 and it goes to 8.45% higher than SMA200.
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Alaska Air Group Inc. (NYSE: ALK) currently have 126.09M outstanding shares and institutions hold larger chunk of about 89.42% of that.
The stock has a current market capitalization of $5.38B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 24.71, while it has posted earnings per share of $1.73 in the same period. Its PEG reads 1.47 and has Quick Ratio of 0.66 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALK, volatility over the week remained 2.62% while standing at 3.42% over the month.
Stock’s fiscal year EPS is expected to drop by -12.39% while it is estimated to increase by 38.59% in next year. EPS is likely to grow at an annualized rate of 16.77% for next 5-years, compared to annual growth of -12.33% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on July 24, 2024 offering a Buy rating for the stock and assigned a target price range of between $58 and $51 to it. Coverage by Wolfe Research stated Alaska Air Group Inc. (ALK) stock as an Outperform in their note to investors on May 17, 2024, suggesting a price target of $55 for the stock. On April 19, 2024, TD Cowen Reiterated their recommendations, while on April 05, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $49. Stock get a Buy rating from Deutsche Bank on February 20, 2024.
